Question
Economics Question on Demand analysis
Arrange the following of elasticities of demand in increasing order as per geometric method.
A. Mid-Point of the demand curve
B. Intercept on Y-axis
C. Between Mid-Point and intercept on X-axis
D. Between Mid-Point and intercept on Y-axis
E. Intercept on X-axis
Choose the correct answer from the options given below:
A
A, B, C, D, E
B
D, B, A, E, C
C
B, D, A, C, E
D
E, C, A, D, B
Answer
E, C, A, D, B
Explanation
Solution
The Correct Option is (D): E, C, A, D, B